Wednesday, 22 February 2017
Last updated 17 min ago
Jun 11 2012 | 1:50am ET
Citadel Investment Group’s return to form took a hit in May.
The hedge fund giant’s flagships lost 1.5% last month, cutting its year-to-date gains to 7.5%. The Kensington and Wellington funds completed an impressive comeback earlier this year, cresting their high-water marks more than three years after they took a beating during the financial crisis. The funds rose 62% in 2009 and 20% last year to get back to par.
Kensington and Wellington lost ground on macro bets while turning a profit on its stock bets. The firm’s Equity Fund returned 0.85% on the month and is up 6% on the year.